GIIA, in partnership with Alvarez & Marsal, has today released the Q3 GIIA Infrastructure Pulse Survey for both the European and Americas markets. This quarterly survey aims to provide a regular temperature check of sentiment in the sector and to monitor emerging trends.
In Europe, the Q3 Pulse Survey shows an improvement in investor sentiment among those firms currently fundraising when compared to Q2, with the Nordics continuing to be the region viewed most positively by investors. In terms of sector outlook, respondents were increasingly bullish about transactions in communications infrastructure (reflecting increased appetite for, and number of, opportunities in fibre, telco towers and datacentres) as connectivity remains critical as people work from home. Sentiment also remained strong in the renewable generation, biomass and EfW sectors. In Europe, the importance of ESG continues to increase in terms of its significance to investment decisions.
Meanwhile, the Americas Pulse Survey also showed an improvement in investor sentiment among those firms currently fundraising and, like Europe, the sector viewed most positively was communications technology. However, most respondents expressed a more positive view in Q3, as compared to Q2, of the anticipated timeline for portfolio yields to return to pre-COVID-19 levels.
GIIA is grateful to Alvarez & Marsal for their partnership on this project.